Dec
14
China Credit Expands Most Since March on Robust Mortgage Lending
By-
Aggregate financing rose to 1.74 trillion yuan in November
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Credit supply remains robust even amid property market curbs
China’s broadest measure of new lending jumped the most since March, boosted by borrowing for home loans and a resurgence of shadow-banking activity.
The Details
- Aggregate financing rose to 1.74 trillion yuan ($252 billion) in November, compared with a median estimate of 1.1 trillion yuan in a Bloomberg survey and 896.3 billion yuan the prior month
- New yuan loans climbed to 794.6 billion yuan from 651.3 billion yuan a month earlier, boosted by home loans
- The broad M2 money supply increased 11.4 percent from a year earlier after climbing 11.6 percent the prior month…
China Credit Expands Most Since March on Robust Mortgage Lending